Financial Services

Local banks grapple with intensifying cyclical risks

Asset quality and profitability are under pressure.

Analysts laud comprehensive “people’s budget”

It will set the course for the next 50 years.

OCBC sweeps 2014 earnings race with 38.8% profit surge

Guess which of the top SG banks reported the smallest increase?

Cash-hungry startups urged to try venture debt

$500m worth of loans will be disbursed.

Private banks turn to fintech experts to lure more high net worth clients

Digital wealth management specialists are in high demand.

Valuemax profits down 3.9% YoY to $8.9m

Due to higher operating expenses and a one-off expense.

MoneyMax launches first online pawnbroking platform

Valuables can now be pawned using a mobile app.

Maxi-Cash's net profit down 18% to $1.86m in FY14

Due to lower revenue from its retail segment.

Singapore's financial institutions race to meet the FATCA deadline

By now most, if not all, Financial Institutions in Singapore are aware of FATCA. FATCA stands for Foreign Account Tax Compliance Act and was enacted...